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Strategies & Market Trends : Option Trades

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To: scotty who wrote (423)	1/11/1998 11:49:00 PM
From: Broken_Clock	Read Replies (1) of 2341

scotty, do you have a chart for ABX?It is in the midst of forming that double botom.I bring up RSI, etc. because they correlate strongly with candles. ABX is making higher lows in the rsi and stochs and momentum. Even with the recent drop below 280 in gold. I will again attempt to pick up some calls on Monday(way out!).Steve Nison in his candlestick books makes reference to the above trend lines for RSI, etc. as confirmation for trend reversals. Interesting reading. I am amazed at how correct my feeble TA has been and even more amazed that I keep doing the opposite!Still learning.... Dave

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